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NFT and the New Era of Ownership

Non-fungible tokens or NFT are a new form of file type where a particular item is logged on a blockchain. It globally announces your ownership of a specific product. NFTs are basically an unexchangeable commodity that accepts the buyer as the sole owner of the product. To buy or sell an NFT, you need to have some form of cryptocurrency wallet used in the form of Ethereum. To conduct a transaction, you need to go to a marketplace like Openc to trade. NFTs have been recently associated with artwork, but they can be used for anything bought online with cryptocurrency. NFTs decentralize finance and allows the creators to sell their products at a reasonably good price. 

The post NFT and the New Era of Ownership appeared first on AITS CAI’s Accelerating IT Success.

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